Common use of Intellectual Property Transfer Clause in Contracts

Intellectual Property Transfer. All the intellectual property of Seller set forth in Schedule 3.17 hereto, which is held in the name or for the benefit of Liu Lei or any other Seller Party shall, subject only to any relevan▇ ▇▇▇▇▇vals by a Government Authority, have been transferred to Buyer or its designated entity without any cost to Buyer.